The cancellation of HS2's northern legs means the project will be 'very poor value for money', MPs have warned. The Public Accounts Committee report also said it was 'sceptical' government would attract enough private investment to build a key new station at Euston.
It says that there are 'many uncertainties' in the government's assessment that it was better to complete Phase 1 of the project, rather than cancel the whole high-speed railway programme. It also says that the government 'has accepted' that only delivering Phase 1 to Birmingham 'will not be value for money, as its total costs significantly outweigh its benefits'.
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